Page 607 - MOE ENGLISH PR REPORT - JULY 2024

best practices, considering it a fundamental pillar in promoting the national
economy’s growth.

As a result, the UAE provides an incubating environment for IP, innovation and
patent activities in accordance with global best practices, in addition to enablers
and facilities that support the growth of knowledge-based enterprises, innovation
and R&D.

In his speech at the session, Bin Touq reviewed key developments in the UAE’s
IP landscape and achievements in IP rights protection. The country has
succeeded in building a comprehensive and sophisticated legislative
environment to protect IP rights of creators and innovators and stimulate original
thought and innovation in all fields.

Also notable is the promulgation of an array of supportive legislation such as the
Trademark Law, the Copyright and Neighboring Rights Law and the Industrial
Property Rights Regulation and Protection Law and building distinct partnerships
with leading IP institutions and ecosystem stakeholders at the local, regional and
global levels.

Al Marri emphasised that national efforts and joint work to launch more initiatives
and pilot projects that enhance the UAE's position as an incubator that fosters
creative and innovative businesses are continuing. The Ministry of Economy is
currently working on the implementation of its new IP system. It includes 11
initiatives aimed at establishing a competitive IP environment that enables
inventors and creators to develop their entrepreneurial ideas and turn them into
viable business opportunities and projects.

The Minister of Economy said, “This year's WIPO meeting is particularly
important as it coincides with our celebration of the 50th anniversary of the UAE's
accession to the Organisation. These five decades have been eventful,
characterised by fruitful cooperation and effective partnerships between the two
sides.”

He stressed that the UAE is keen to continue its cooperation with WIPO and the
Member States, looking forward to more constructive work to support IP rights
protection and the exchange of expertise and knowledge, thereby contributing to
the achievement of the Organisation's sustainable development goals and
promoting the growth of Member States' economies.

Bin Touq added, "The UAE, in line with its leading role regionally and globally in
solidifying the importance of IP rights protection, reiterates its interest in
implementing and operationalising the proposal to host Abu Dhabi as an external
office of WIPO, and supporting efforts to introduce Arabic into the Madrid System

https://www.msn.com/en-ae/